Question

Rehana, Shakina and Jasmine are partners. They share profit and loss in the ratio 1 : 2 : 3. Shakina is guaranteed to get ₹ 50,000 profit. Any deficiency that arises, will be borne by Rehana and Jasmine equally. During the year, they earned a profit of ₹ 6,00,000. How much money has to be given to her by Rehana and Jasmine?

Options

• ₹ 2,000 by Rehana and Jasmine each.

• ₹ 2,500 by Rehana and Jasmine each.

• ₹ 3,000 by Rehana and Jasmine each.

• Nil

Answer 1

Nil

Explanation:

Shakina's share = `₹ 6,00,000 xx 2/6` = ₹ 2,00,000, as she gets the share more than the guaranteed, she will not be reimbursed.